The relationship between China and the United States is often full of misconceptions, half-truths, and innuendos. In full disclosure, this relationship will continue to dominate global economics and non-market issues for the foreseeable future. Here are some facts to ponder :

China manages its exchange rate with the dollar.

China runs a trade surplus with the United States.

The Chinese central bank owns a large number of U.S. Treasury bills.

Individual Chinese residents are not free to invest their savings in foreign countries as they would like.

Now you can evaluate the following claims below with three to five sentences for each. Your goal is to talk about why the claim is valid, partially true, or not accurate.

1. Cheap imports from China come at a steep cost - lost jobs and lower American wages
2. Over time, the Chinese government can maintain an unfair trading relationship with the United States by pegging its currency to the dollar at a low level
3. Can China "horde" US treasuries to debase the US dollar?
4. Would Chinese foreign direct investment in the US benefit the US or China?